The cryptocurrency Hedera, HBAR, has shown significant movement after being included in the Grayscale Smart Contract Platform Fund (GSC). In the last 24 hours, HBAR has increased by 2%, surpassing Polkadot. Over the week, its value has risen by approximately 11%.
Grayscale Fund Update
Recent updates to the GSC fund were officially announced by Grayscale. The company sold its Polkadot holdings and realigned its asset allocations. Proceeds from the sale were used to purchase HBAR and other fund components.
HBAR Trading Volumes
HBAR's trading volume is notably above average. Afternoon transactions highlighted volumes of 77.7 million, 145.7 million, and 97.5 million units, distinctly higher than the daily average.
Future Prospects for HBAR
Experts believe the high trading activities are driven by institutional investors looking to strengthen their positions. The rise in HBAR’s price reflects the potential impact of changes in fund portfolios.
HBAR's inclusion in the Grayscale fund has triggered significant market activity. The fund's weight in HBAR and increased transaction volumes indicate expanding institutional interest. Future fund alterations are expected to significantly affect price movements in digital assets.
